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| ECON0207-1 | Industrial Economics
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| Duration : | 30h Th, 15h Pr |
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| Credits/ECTS : |
| Master in Aerospatial Engineering, in-depth approach, 2nd year | | Toute l'année | | 5 |
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| Master in Electro-mechanical Engineering, Teaching Focus, 2nd year | | Toute l'année | | 5 |
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| Master in Mechanical Engineering, in-depth approach, 2nd year | | Toute l'année | | 5 |
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| Master in Aerospace Engineering, Professional Focus (Management), 2nd year | | Toute l'année | | 5 |
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| Master en ingénieur civil électromécanicien, à finalité spécialisée en technologies durables en automobile, 2nd year | | Toute l'année | | 5 |
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| Master in Electro-mechanical Engineering, Professional Focus (Management), 2nd year | | Toute l'année | | 5 |
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| Master ingénieur civil mécanicien, à finalité spécialisée en technologies durables en automobiles, 2nd year | | Toute l'année | | 5 |
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| Master in Mechanical Engineering, specialized approach, 2nd year | | Toute l'année | | 5 |
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| Bachelor in economical and in management sciences, 3rd year | | First semester | | 4 |
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| Bachelor in business engineering, 3rd year | | First semester | | 4 |
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| One-year preliminary programme leading to the Master in Economical Sciences, general orientation | | First semester | | 5 |
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| Holder(s) : | Axel Gautier |
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| Language : | French language |
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| Course contents : | Industrial economy studies industries and markets and in particular how companies are competing with each other. The focus is on situations where firms interact strategically. Typically industries where we find a few companies and where decisions of a firm (price, advertising, product positioning, etc.) affect the profits of the industry as a whole.
The course of industrial economy uses the concepts and tools of microeconomics. The course is issue rather than methodology driven and will be extensively illustrated by examples.
Course plan. The course is divided into six parts. For each part, we mention an application that will be addressed during the course.
1. Form perfect competition to monopoly
Understanding electricity liberalization.
2. Oligopoly
Why in times of crisis, do steel producers shut down their production units?
3. Acquiring market power: price and other strategies
Why Microsoft has been condemned by the European Commission?
4. Entry and exit
What are the criteria used by competition authorities to assess a merger?
5. Technology, R & D and patents
Should pharmaceutical companies collaborate in the development of a vaccine?
6. Network industries
Why is Blu-Ray successful and the HD-DVD not? |
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| Prerequisites : | A microeconomy course |
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| Workshops : | Peridical exercices will be organised for this course. |
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| Written notes : | Main reference:
- Introduction to industrial organization, L. Cabral, 2000, MIT Press.
Additional references
- Industrial Organization: Theory and Applications, O. Shy, 1996, MIT Press.
- The theory of industrial organization, J. Tirole, 1988, MIT Press.
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| Assessment : | Written exam |
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| Contacts : | Lecturer: Axel GAUTIER
Email: agautier@ulg.ac.be
Office I.49, BAT B31(ST)
Tel: 04/366.30.53
Assistant: Ekaterina TARANTCHENKO Email: E.Tarantchenko@ulg.ac.be
Tel: 04/366.31.74 |
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